Bridging finance

Ready to build or buy now, but haven’t yet sold your old property? Bridging finance could be the answer to keep the ball rolling.

Trying to sell one property and buy another can be quite a daunting and emotional process, especially when the timelines of both projects don't match up perfectly.

Generally, people can be a bit nervous or anxious, but it’s an education process for them.

One of the services that Darwin mortgage brokers have offered clients in the past is assistance in applying for bridging finance, despite the fact that they don’t financially benefit from handling them. A bridging loan is usually just an extension of the loan amount on a regular home loan, and it can cover the purchase price or construction costs of a new property while your old one is selling.

Most lenders offer a period of interest-only repayments on bridging loans, allowing borrowers to get into their new home sooner without having to start paying off a full mortgage before selling the old one.

Mortgage brokers are also well accustomed to negotiating rates with banks to get appropriate deals for their clients so they don’t necessarily need to refinance to make savings when interest rates fall.

They use their knowledge and other banks’ rates to drive rates lower. So occasionally, clients don’t even have to change their bank. Mortgage brokers can often just negotiate a better deal to keep the banks honest.

For more information on a Darwin home loan from a Darwin mortgage broker call today on 0447 499 794. You can access our Mortgage Calculator here.

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Thinking of Refinancing?

Maybe you didn’t know this but a large majority of home owners in Darwin who have a mortgage are needlessly paying more interest to their bank than they need to be …

How do I know?

Well, every day, I help time poor people refinance their loan to a better rate.
The best part about this is I get to hear about how they have used the money they have saved
They all get really excited when they find out they can re channel the savings into things like

A new kitchen fit out
Remodeling their bathroom
Adding an extra room to the house
Some have replaced their car and a few …
They are posting pictures form their overseas holidays.

And some did this, without spending a cent more out of their weekly budget. They just used that surplus that they saved through refinancing and reapportioned it to a better-quality lifestyle.

Isn’t that amazing?

If the thought that you are paying too much interest on your mortgage bothers you, then I have created a 5-point check list that tells you how you could turn this around in your favour.

It is easy and fast to implement each step.
To receive your copy of the guide click the Learn More button, put in your details and I will email the guide to you straight away.
I’ve seen how following the checklist has put a big smile on my clients faces and I would love to see it do the same for you!

Contact - 0447 499 794

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